Reliance Global Group (Reliance Global Group) Accounts Receivable : $1.31 Mil (As of Dec. 2023)

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What is Reliance Global Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Reliance Global Group's accounts receivables for the quarter that ended in Dec. 2023 was $1.31 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Reliance Global Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 35.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Reliance Global Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.85.

Reliance Global Group Accounts Receivable Historical Data

The historical data trend for Reliance Global Group's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Reliance Global Group Accounts Receivable Chart

Reliance Global Group Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.11

0.86

1.03

1.01

1.31

Reliance Global Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															1.01	0.98	1.00	1.21	1.31

Reliance Global Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Reliance Global Group Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Reliance Global Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.305	/	3.321	*	91
=	35.86

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Reliance Global Group's accounts receivable are only considered to be worth 75% of book value:

Reliance Global Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.329	+	0.75 * 1.305	+	0.5 * 0	-	15.868
-	0	-	0)	/	4.76197
=	-2.85

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Reliance Global Group Accounts Receivable Related Terms

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Reliance Global Group (Reliance Global Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Reliance Global Group Inc (NAS:RELI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

300 Boulevard of the Americas, Suite 105, Lakewood, NJ, USA, 08701

Website

https://www.relianceglobalgroup.com

Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. The company focuses on growing by pursuing an acquisition strategy, initially and primarily focused on wholesale and retail insurance agencies. Its primary strategy is to identify specific risks to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. It generates revenue in the form of commissions.

Executives

Yaakov Beyman	officer: Executive VP, Insurance	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Ezra Beyman	officer: CEO	300 BLVD OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Scott Korman	director	C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361
William Y. Lebovics	officer: Chief Financial Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Joel Markovits	officer: Chief Accounting Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Reliance Global Holdings Llc	officer: CEO	300 BLVD. OF THE AMERICAS., SUITE 105, LAKEWOOD NJ 08701
Miriam Spitz	other: Director of Investor Services	18 SCENIC DRIVE, SUFFERN NY 10901
Alex Blumenfrucht	officer: CFO	517 REYNOLDS AVE, TOMS RIVER NJ 08755
Jack Namer	director, 10 percent owner, officer: Chief Executive Officer	1500 NW 65TH AVENUE PLANTATION FL 33313
Amy M. Nalewaik	10 percent owner	1500 NW 65TH AVENUE PLANTATION FL 33313